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Tax Diary May/June 2025

Here are all the key tax dates for May/June 2025

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What are the benefits of Outsourced payroll services? | 6 Reasons why you should consider outsourcing your payroll processes

Outsourced payroll can benefit businesses of all sizes. Outsourced payroll aims to reduce processing costs by freeing internal staff to focus on projects that will add more value to your business. At the same time, we ensure your payroll is up to date and complies with the latest regulations so you can avoid costly penalties and fines. We asked our payroll outsourcing team to list their 6 key reasons why outsourced payroll can help your business. 

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What is the Business Asset Disposal Relief after April 2025? | Key Capital Gains Tax (CGT) changes for 2025/26

Understanding Business Asset Disposal Relief (BADR) Business Asset Disposal Relief (BADR) provides an effective reduced rate of Capital Gains Tax (CGT) on the sale of a qualifying business, shares in a trading company, or an individual's interest in a trading partnership. The relief can still provide substantial tax savings for business owners exiting their businesses.  

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Maternity Leave Pension Contributions, Payroll Mistakes & the New Neonatal Leave Law: What Employers Need to Know

Payroll teams have a critical role to play in ensuring compliance with employment legislation—especially when it comes to leave and pension entitlements. One area where errors frequently arise is during maternity leave, particularly in relation to pension contributions. With the recent introduction of neonatal leave laws, it’s more important than ever that payroll professionals understand their responsibilities. In this article, we’ll cover the key issues around maternity leave pension contributions, common payroll pitfalls, and what the new neonatal leave legislation means for your business.  

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When does Making Tax Digital for Income Tax Start? | MTD for income tax Threshold

Making Tax Digital for Income Tax (MTD for income tax) will become mandatory in phases from April 2026. If you’re self-employed or have a landlord income of over £50,000, prepare for quarterly updates, digital record-keeping, and a new penalty system.  

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Audit thresholds have changed effective from 6 April 2025

From financial periods beginning on or after 6th April 2025, the audit exemption thresholds in the UK are increasing, which may impact your business’s audit requirements going forward.

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Danielle Griffin Takes the Lead as Moore South’s New Group Managing Partner

Moore South Chartered Accountants and Business Advisers is pleased to announce the appointment of Danielle Griffin as Group Managing Partner, effective 1st April 2025. Danielle succeeds Andrew Coldwell, who has been a driving force behind the firm’s continued success.  

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Moore South Celebrates Latest Leadership Promotions

Moore South Chartered Accountants and Business Advisers is pleased to announce the appointment of a new partner, as well as two new associate promotions.  

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Spring Statement 2025: Simplifying the Spring Statement

Chancellor Rachel Reeves’ Spring Statement 2025, delivered on 26 March, arrived at a critical point for the UK economy. With the Office for Budget Responsibility downgrading growth forecasts to just over 1% for the year and borrowing costs climbing, the tone of the statement was more pragmatic than bold. The Chancellor focused on reforming the tax system, encouraging economic resilience, and driving public sector efficiency.

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Tax Diary April/May 2025

Here are all the Key Tax dates for April/May 2025

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How do the Pillar 2 top-up tax rules affect Large Businesses? | Who pays the Pillar 2 tax?

How does the Pillar 2 top-up taxes registration affect large businesses? You may be aware that the UK’s BEPS Pillar 2 top-up tax rules come into force for accounting periods beginning on or after 31 December 2023. Pillar 2 aims to ensure that large businesses pay a minimum effective tax rate of 15% within each jurisdiction they operate by imposing ‘Top-Up Taxes’, where that is not the case. These rules apply to multinational enterprises and groups of companies with annual consolidated revenues of €750 million in at least two out of the previous four accounting periods.

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6 Ways to Boost Cash Flow and Future-Proof Your Business

In today’s economic climate, effective cash flow management is more crucial than ever for UK businesses. Our latest Owner Managed Business survey highlighted the constant pressure that business owners are currently faced with due to rising costs, fluctuating interest rates and evolving tax regulations. To ease the pressure, business owners must adopt smarter financial strategies to maintain liquidity and sustain growth.